Och, Inc., is considering a project that will result in initial after-tax cash flow of $3.5 million at the end of the first year, and these cash flows will grow at a rate of 4% per year indefinitely. The firm has a debt–equity ratio of .55, a cost of equity of 13%, and an after-tax cost of debt of 5.5%. What should be the initial investments of this project to ensure a non-negative net present value of this project? Hint: Net present value = PV (all future cash flows) – Initial investments.